Explore commonly used personal finance terms.
Asset management involves developing strategies to oversee and grow an individual’s or entity’s assets. Professional asset managers work to maximize returns and manage risks across various assets, including stocks, bonds, real estate, and alternative investments. Effective asset management requires a comprehensive understanding of market conditions, risk assessment, and client goals. For businesses and institutions, asset management also includes maintaining liquidity and ensuring assets are allocated in a way that aligns with long-term objectives and fiduciary responsibilities.
